Scorpio Tankers

Scorpio Tankers reported a net profit of US$387.5 million for the second quarter, up from US$73.5 million a year earlier, and undiluted earnings per share of US$8.47. The company will pay a quarterly cash dividend of US$0.45 per common share, payable on 31 August 2026. TCE revenues rose significantly to US$391.8 million despite a smaller fleet; the company also issued convertible bonds totaling US$605 million, conducted share buybacks and generated about US$465 million from vessel sales. As of 28 July 2026, the company had cash of approximately US$2.0 billion and undrawn credit lines of US$483.2 million. » Plus sur de.investing.com

Scorpio Tankers will repay the outstanding 7.5% notes (originally due 2030) totaling $200 million at a make-whole price of 106.4% plus accrued interest on July 17. The company highlights a strong balance sheet with a leverage ratio of 0.17 and high liquidity relative to short-term liabilities. Scorpio Tankers has received a commitment from Standard Chartered and DekaBank for a credit facility of up to $90 million to finance parts of the purchase price for four MR newbuilds with scrubbers; the facility has a seven-year term from delivery, bears interest at SOFR plus 1.20%, and closing is expected in Q3 2026. The company operates a fleet of 79 product tankers and has several sale and newbuilding agreements scheduled for the coming years. » Plus sur de.investing.com

Scorpio Tankers announced the sale of four LR2 product tankers (STI Broadway, STI Condotti, STI Winnie, STI Lauren) for a total of $285.8 million, with closing expected in the second or third quarter of 2026. The company also signed a letter of intent to buy two MR newbuilds equipped with scrubbers at $46.25 million each, with delivery scheduled for the first quarter of 2030. Scorpio plans unscheduled prepayments of $367.8 million to repay several secured credit facilities and intends to terminate certain credit lines in the second quarter of 2026; the balance sheet shows a leverage ratio of 0.17 and cash greater than debt. In total, Scorpio Tankers owns 83 product tankers and has agreed additional sales, which are also expected to close in Q2/Q3 2026. » Plus sur de.investing.com